Kenya is set to become the first African country to launch its own cryptocurrency, the KenCoin, which will be backed by the country’s natural resources and human capital. The KenCoin will be a digital currency that will operate on a blockchain platform, allowing for fast, secure, and transparent transactions. It will be pegged to the […]
Treasury CS Hon. Ambassador Ukur Kanacho Yatani has won the 2021 Jomo Kenyatta Literary Prize for Fiction for his role in preparing Kenya’s financial year 2021/22 national budget. The University of York graduate was awarded for using spreadsheets and others tools to present the greatest work of fiction ever, using numbers. This culminated in the […]
The age of owning physical assets died with the birth of Mark Zuckerberg, and only dynasties have tangible assets. Today’s young person has nothing to show at the age of 30, not because they are poor, but because they have different kinds of assets; social media followers. The number of followers you have on Twitter, […]
Experts now want you to see a therapist if you are always broke and your default response to all financial obligations is ‘I am expecting some money.’ Noting that most people are always broke but have ready explanation for why they are broke, the experts warned that this habit should not be normalized and instead, […]
The Institute of Certified Public Accountants in Kenya has finally taken the bold step to demystify accounting and ‘tell it as it is’, by revealing the insider tricks used to create the revered books of accounts. In an attempt to help the mere mortals who cannot tell the difference between debit and credit, ICPAK has […]
The news is both a liberation and a killjoy at the same time. For men, it is good to know that people with six packs are good at making everything else but money. For ladies, it is an existential crisis deciding whether to go for the six pack and only see money on ViuSasa, or […]
The Government of Kenya will soon start paying high school students for simply being in high schools! Secondary school students in Kenya will start receiving monthly allowances as the Ministry of Education comes up with innovative ways to instill money skills and also deal with the long absence from schools as a result of Covid-19. […]
Economists have finally let the cat out of the bag; living within your means is harmful to the economy. The new finding is a call to all people to throw caution to the wind and go out and buy that luxury watch or shoes because ‘the economy depends on it.’ While the findings are shocking, […]
The Higher Education Loans Board in Kenya has finally seen the light. In what appears to be a Zacchaeus moment, the Board has promised to refund all the money it stole from non-beneficiaries who were forced to seek for compliance certificates when looking for jobs. For years, HELB has been forcing people who did not […]
The presidential directive in Kenya for people to work from home is already taking casualties. In Nairobi, a Bank teller was arrested for trying to carry more than KShs 800,000 from the bank under the excuse that he was planning to be working from home. In a case that puzzled even the police, the 27-year-old […]
